IFRS accounting standards have been in place for a number of years now in many jurisdictions. The reality is that IFRS is constantly being changed creating the need for professional accountants to constantly be aware of pending and enacted changes, and just generally what is going on.

As most readers will know, keeping up to date is a full time job. If you would like to keep up to date, follow this link.

The IFRS Foundation is a not-for-profit, public interest organisation established to develop a single set of high-quality, understandable, enforceable and globally accepted accounting standards—IFRS Standards—and to promote and facilitate adoption of the standards.

IFRS Standards are set by the IFRS Foundation’s standard-setting body, the International Accounting Standards Board.